Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#加密市场反弹 DOGE reached a high of $0.1622 and a low dip of $0.1532 within 24 hours, with a daily rise of +4.04%, but has still fallen 4.43% over the past 7 days and a cumulative fall of 8.46% over the past 30 days.
Short-term resistance is located in the range of $0.162-$0.17. If it breaks through, it may test the psychological level of $0.20.
In the medium term, we need to pay attention to the strong resistance level of $0.7 predicted by analysts (based on the expectation of a breakout of the ascending triangle), with short-term support in the $0.15-0.153 range for now, and a break could trigger a further pullback to $0.13 (30-day low). The 4-hour K-line shows that the price is in a volatile range, William's indicator suggests that it is oversold, but the volume continues to shrink, the rebound momentum is insufficient, and the daily level forms an ascending triangle, if the price stands firm at $0.16 and breaks through $0.17, it may trigger technical buying, the target is $0.7, on the contrary, if it falls below $0.15, it may accelerate to the downside to test $0.13, and the daily MACD has a slight bottom divergence, but DIF and DEA are still in a dead fork state, and the short-term momentum is weak. If the price rebounds to $0.16-0.162 and the 4-hour RSI is overbought (>65), you can take a short position with a target of $0.15 and a stop loss above $0.17. If the daily line stands firm at $0.17 and the MACD golden cross, you can place a long position, with a target of $0.20-0.25 and a stop loss of $0.15. It is recommended to ≤ 30% of the total position, ≤ 3 times leverage, and reserve 40% of the capital to deal with extreme volatility.
DOGE is currently in a consolidation and recovery phase, constrained in the short term by low market activity and technical pressure, but long-term potential remains (such as breaking through $0.7 or targeting $1). Close attention should be paid to the breakout direction in the $0.15-0.17 range, adjusting strategies in conjunction with Bitcoin trends, on-chain fund movements, and macro policy changes.